The e-Mini Dec S&P Reaches an Inflection Point
The series of higher-lows off of the Oct 15 low at 1813.00 remains the dominant feature of the 7 session, 143.25 point, 8% advance.
As we speak, the e-SPZ is retesting yesterday's high of 1956.25.
Inability of the index to climb to new high before a break below 1946.00 will trigger initial sell signals in my short-term work.
For the time being, however, the bulls remain in directional control, but will they be able to jam the index to sustainable new rally highs?